In the sometimes confusing world of California estate planning, the confusion often comes from the same type of documents being called different names. Such is the case when it comes to your health care proxy. MedicareInteractive.com explains that a health care proxy can also be known as a durable health care power of attorney, appointment of health care agent or surrogate, or a living will.
Many California residents will need some type of financial assistance later in life due to long-term care expenses. Medicaid and Medi-Cal can prove immensely useful to you, your loved ones and other state residents. Of course, it is not always easy to qualify.
Californian residents may set up trusts for a number of reasons. Different people can be the beneficiaries and trustees, as well. We at the Law Offices of Alice A. Salvo can help you while you create a trust, starting by explaining the various types.
We represent numerous executors and estate administrators here at the Law Offices of Alice A. Salvo in California. Virtually all of them ask us questions about their duties and how to perform them.
Everyone knows what a Last Will and Testament is, but did you know that you can set up a trust in your California will? You can. Trusts of this type go by the name of testamentary trusts, but some people refer to them as will trusts or trusts under will.